Russian President Vladimir Putin warned that US tariffs on India and China may harm the American economy. Speaking at a forum in Sochi on 2 October 2025, he said pressuring India and China to cut Russian energy imports could backfire. He argued that higher tariffs could push up global prices and force the US Federal Reserve to keep interest rates high, slowing the economy.

BulletsIn

• Putin criticizes Trump’s tariff strategy on India, China
• Says high tariffs may push global prices higher
• Warns Fed may keep rates high, hurting US growth
• US Fed currently at 4.00%–4.25% after September rate cut
• Powell warns against cutting rates too aggressively
• India third-largest oil importer, big buyer of Russian crude
• China imports 21.5% of crude needs from Russia
• Trump imposed 50% tariffs on India, plus 10% base tariffs
• Total tariffs on Chinese goods now 55% plus 10% baseline
• Putin says US economy may slow if policy misfires